PROJECT HOUSE TRADING LTD


Directors	BARRATT, Samual Conway
	BROWN, Thomas Alexander Chevalier
	CLARK, Nathan Scott
	KOLLAKOWSKI, Ashley Oliver
	LEWIS, Benjamin
	STEVENS, Simon James


Registered Address	1st Floor Blayds House
	21 Blayds Yard
	Leeds
	LS1 4AD


Registered Number	14591931 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		869,143		866,851
			869,143		866,851
Current assets
Stocks	4	24,923		15,853
Debtors	5	37,236		60,052
Cash at bank and on hand		50,031		59,882
		112,190		135,787
Creditors amounts falling due within one year	6	(1,621,328)		(1,275,087)
Net current assets (liabilities)			(1,509,138)		(1,139,300)
Total assets less current liabilities			(639,995)		(272,449)
Net assets			(639,995)		(272,449)
Capital and reserves
Called up share capital			100		100
Profit and loss account			(640,095)		(272,549)
Shareholders' funds			(639,995)		(272,449)

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 25 September 2025, and are signed on its behalf by:

STEVENS, Simon James
Director
Registered Company No. 14591931

PROJECT HOUSE TRADING LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on Land & buildings over the life of the lease, and for all other tangible fixed assets as follows:


		Straight line (years)
	Land and buildings	10
	Plant and machinery	3
	Fixtures and fittings	5

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	18		21

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 January 24	661,533	156,507	90,098	908,138
Additions	104,875	44,083	18,474	167,432
At 31 December 24	766,408	200,590	108,572	1,075,570
Depreciation and impairment
At 01 January 24	25,418	9,389	6,480	41,287
Charge for year	76,363	68,717	20,060	165,140
At 31 December 24	101,781	78,106	26,540	206,427
Net book value
At 31 December 24	664,627	122,484	82,032	869,143
At 31 December 23	636,115	147,118	83,618	866,851


	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on Land & buildings over the life of the lease, and for all other tangible fixed assets as follows:

4.	Stocks

	2024	2023
	£	£
Finished goods	24,923	15,853
Total	24,923	15,853

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	6,155	5,102
Amounts owed by associates and joint ventures / participating interests	5,000	26,624
Other debtors	645	28,326
Prepayments and accrued income	25,436	-
Total	37,236	60,052

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	217,580	230,175
Bank borrowings and overdrafts	-	5
Amounts owed to related parties	1,161,788	993,902
Taxation and social security	159,565	10,405
Other creditors	35,415	25,311
Accrued liabilities and deferred income	46,980	15,289
Total	1,621,328	1,275,087

7.	Creditors: amounts due after one year

8.	Related party transactions
	House of Fu Leeds Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed to House of Fu Leeds at the balance sheet date was £77,500 (2023: £77,500). House of Fu Manchester Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed by House of Fu Manchester at the balance sheet date was £5,000 (2023: £25,000). Super Friendz Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed by Super Friendz at the balance sheet date was £nil (2023: £1,624). Brudenell Presents Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed to Brudenell Presents at the balance sheet date was £195,000 (2023: £195,000).

Related party transactions

House of Fu Leeds Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed to House of Fu Leeds at the balance sheet date was £77,500 (2023: £77,500).

House of Fu Manchester Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed by House of Fu Manchester at the balance sheet date was £5,000 (2023: £25,000).

Super Friendz Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed by Super Friendz at the balance sheet date was £nil (2023: £1,624).

Brudenell Presents Limited: The company is related to Project House Trading Ltd by virtue of common shareholders and Directors. The amount owed to Brudenell Presents at the balance sheet date was £195,000 (2023: £195,000).